Aims to jointly develop robotic process automation
technology and a new vocational training
environment based on AI and digital twin technology
WUXI, China,
April 5, 2022
/PRNewswire/ -- Skillful Craftsman Education Technology Ltd. ("the
Company") (NASDAQ: EDTK), an education technology company providing
interactive online learning services, announced that Shenzhen
Qianhai Jisen Information Technology Ltd. ("Jisen"), the
wholly-owned subsidiary of Wuxi Kingway Technology Co., Ltd., the
Company's variable interest entity in China, has entered into a strategic
cooperation agreement (the "Agreement") with Newlink Technology
Inc. ("Newlink") (HKEX: 09600), an IT solutions provider, to
jointly develop robotic process automation ("RPA") technology and a
new vocational training environment based on AI and digital twin
technology.
Pursuant to the Agreement, both parties agree to jointly develop
the RPA technology. Newlink agrees to provide the fundamental
technologies, and Jisen agrees to conduct research on the business
demand of targeted companies and provide research and development
solutions based on its research. Both parties also agree to jointly
develop digital twin technology based vocational training
environment, to provide training for employees at financial
institutions and college students. Jisen agrees to provide
Newlink's customers with technical supports of virtual reality and
the application of AI scenarios. As part of the Agreement, both
parties agree to collaboratively work on industry expansion and
increase each other's business presence in both respective
specialized industries. Both parties will also conduct in-depth
cooperation in marketing and sales, including granting rights of
distribution, project implementation, outsourcing, and operation
and maintenance execution to the other party.
Mr. Xiaofeng Gao, Chairman and
Co-CEO of Skillful Craftsman, commented, "We are excited about the
cooperation with Newlink, which will benefit both enterprises and
individuals. By leveraging the advantages of Newlink's AI-related
resources and wide range of experience in educational, financial,
and medical related markets, we believe the RPA technology will
help enterprises improve their work efficiency and accelerate their
digital transformation. The immersive AI teaching system for
vocational training will provide an improved hands-on experience to
students, assisting them in matching the current fast-evolving job
market. To follow the Chinese government's guideline on
promoting vocational education, we strive to make our own efforts
in developing an immersive AI teaching system and the RPA
technologies, which can be applicable to the development needs of
the society and country."
About Newlink Technology Inc.
Founded in 2011, Newlink Technology Inc. is an IT solutions
provider focusing primarily on traditional software-driven
solutions and committed to providing innovative software-driven
solutions powered by artificial intelligence and big data analytics
for its customers. In 2020, Newlink's customers were mainly from
the finance industry and the healthcare industry among which
Newlink provides traditional IT solutions and innovative IT
solutions for financial institutions and it provides innovative IT
solutions, or healthcare big data solutions, for healthcare
institutions. For more information, please visit:
https://www.xnewtech.com/Corporate-Information?_l=en.
About Skillful Craftsman
Skillful Craftsman is an education technology company that
provides interactive online vocational training and virtual
simulation experimental training courses. The Company began
operations in Wuxi, China in 2013
and is a key supporter for China
education reform and development for labor employment. For more
information, please visit: http://ir.kingwayup.com/.
Safe Harbor Statement
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purposes of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 that represent our beliefs,
projections and predictions about future events. All statements
other than statements of historical fact are "forward-looking
statements," including any projections of earnings, revenue or
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respect to future events. These statements are necessarily
subjective and involve known and unknown risks, uncertainties and
other important factors that could cause our actual results,
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materially from any future results, performance or achievements
described in or implied by such statements. Such risks,
uncertainties, and other factors include, but are not limited to,
our ability to improve launch and leverage new technologies and
cooperative relationships or anticipate market demand in a timely
or cost-effective manner, and those factors discussed under the
headings "Risk Factors", "Operating and Financial Review and
Prospects," and elsewhere in our Annual Report on Form 20-F.
Forward-looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of whether, or the times by which, our performance or
results may be achieved. Actual results may differ materially from
expected results described in our forward-looking statements,
including with respect to correct measurement and identification of
factors affecting our business or the extent of their likely
impact, and the accuracy and completeness of the publicly available
information with respect to the factors upon which our business
strategy is based or the success of our business. The Company
disclaims any intention to, and undertakes no obligation to, update
or revise any forward-looking statement.
For investor and media enquiries, please contact:
Skillful Craftsman
Investor Relations Department
Email: iredtk@kingwayedu.cn
Ascent Investor Relations LLC
Tina Xiao
Tel: +1 917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Skillful Craftsman Education Technology Ltd.
